Forrester Research reports 2010 is the year in which Tech will Recover! Well you might think is this some kind of a “Mortgage Recovery Scheme as adopted by Banks”. No… This means Good Business for the IT Industry. The report predicts the Global and US only IT spending to increase by 8.1% and 6.6% respectively. And the predicted investment figures are huge – Over $1.6 trillion, Global & $568 billion alone in the US.
Forrester also lists a few factors taken into consideration for their predictions:
- US tech market did not decline as deep as it was expected;
- Asia Pacific market performed above expectations. Thanks to the resilient economies in Australia, China, and India.
- A larger decline in the US dollar than as assumed.
Well these figures and reports might have many implications on the current IT sector job scenario in India especially after the recession. We all know how IT companies in India laid off thousands and thousands of jobs citing recessions. IT salaries saw a new low and IT industry freshers were more worried than ever before.
But we guess these figures and predictions will provide a much needed relief especially to the employees of these IT companies. More global and US IT investment shows good signs of Indian IT firm bagging more projects, generating more revenue and thus the requirement for fresh recruits.
Although we have reasons to believe that the IT Job scenario is improving in India, at least from Fresher recruitment point of view, but nothing can be said concrete until those above predicted figures turn into a reality. This year, major IT mass recruiters in India have visited almost every campus in India (of course the ones decided before hand) and have hired freshers in a good number. So this is one of the reasons we go to believe “IT in India is recovering”.
India Shining, Again?
